Savitry Greens Tricity-based N.K Sharma Group recently launched Savitry Greens-II housing project on the Gazipur road on Ambala-Chandigarh highway. The 25-acre project will have two, three, four and five BHK apartments.
“One has to compliment the Finance Minister, Mr P Chidambaram, for addressing the nation’s priorities in his budget for 2013-14,” said Gagan Banga, CEO, Indiabulls Financial Services LtdBSE 1.14 %, adding, “he has presented a realistic and balanced budget, which is a good beginning.”
NEW DELHI: The government is seeking to mitigate the huge shortage of housing in cities around the country in an election year by proposing to set up an Urban Housing Fund with an initial allocation of Rs 2,000 crore in 2013-14. This comes along with a move to provide Rs 6,000 crore of additional funds for the Rural Housing Fund.
MUMBAI/BANGALORE: Luxury homes for the rich would become more expensive after the finance minister today reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier.
NEW DELHI: Real estate players and analysts on Tuesday welcomed the Reserve Bank’s move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
MUMBAI: Foreign brokerage JP Morgan expects Indian real estate market to witness a strong recovery in 2013 as launch activity picks up going into the year accompanied with some price discounting and lower mortgage rates